AGNC Investment has provided investors with lots of passive income over the past several years.
AGNC Investment has a huge dividend yield, but that alone isn't enough of a reason to buy the stock. Here's why.
The market environment is improving for the mREIT.
AGNC Investment Corporation is a well-managed mortgage REIT poised to benefit from the central bank's recent rate cuts, enhancing its 14% dividend yield. AGNC's Q3 profit exceeded expectations, with a 5% QoQ book value growth, driven by favorable interest rate environments for mortgage-backed securities. Lower borrowing costs and higher valuations of mortgage-backed securities should support AGNC's book value growth and net interest income trajectory.
AGNC Investment's Q3 earnings highlight a favorable investment environment with wider mortgage spreads, declining interest-rate volatility, and an accommodative Fed policy, boosting investor optimism. Management's strategic shift to treasury-based hedges over interest rate swaps aims to lower future risk, despite a temporary drop in dollar roll earnings. AGNC's increased cash position and stable market conditions set the stage for significant capital growth, leveraging lower Fed rates and higher MBS returns.
Changes in market conditions can impact the REIT's big-time dividend.
Both offer high dividend yields. Here's what you need to know before you buy.
AGNC's Q3 results reflect a fall in the net interest spread and a rise in the combined weighted average cost of funds. A rise in asset yield offers some relief.
AGNC Investment Corp. (NASDAQ:AGNC ) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Katie Turlington - IR Peter Federico - Director, President and CEO Bernie Bell - EVP and CFO Chris Kuehl - EVP and CIO Aaron Pas - SVP, Non-Agency Portfolio Management Conference Call Participants Bose George - KBW Crispin Love - Piper Sandler Rick Shane - JPMorgan Doug Harter - UBS Trevor Cranston - JMP Securities Eric Hagen - BTIG Jason Stewart - Janney Montgomery Harsh Hemnani - Green Street Operator Good morning, everyone, and welcome to the AGNC Investment Corp Third Quarter 2024 Shareholder Call. All participants will be in a listen-only mode.
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If there's anything better than monthly dividends, well, we contrarians don't want to know about it. Getting paid on the same schedule as our bills (monthly!
AGNC Investment (AGNC) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.65 per share a year ago.